HG Vora Capital Management, in a newly amended filing from a couple of minutes ago, disclosed signing a Letter Agreement. According to the amendment, HG Vora and BlueMountain Capital Management, led by Andrew Feldstein and Stephen Siderow, decided to limit sales of the Chatham Lodging Trust (NYSE:CLDT) shares “on or prior to 5:00 p.m., New York City time, on November 22, 2013.”
Yesterday, BlueMountain disclosed that it wants to acquire Chatham Lodging Trust for $21.50 per share.
HG Vora holds a 4.9% position in the company. Last month, the fund mentioned that they “may explore ways to enhance value for the Issuer’s shareholders,” in addition to facilitating strategic discussions with management.